The Final round is over and the K.O was that made by the Federal Open Market Committee as they announced lowering their benchmark interest rates by a quarter basis points taking them down inline with market estimates to 4.50 percent; while another match was seen on the discount rate taken down to 5.00 percent.
The decision was already priced in and expectations were to a definite cut on key rates by the feds but remains the statement's rhetoric was the focal concern. We did not sense that massive upbeat change in the statement that accompanied the decision and that was rather a disappointment, as still the fed says that the risk correlated to inflationary pressures still remain yet have moderated, with these historic low levels we are seeing the greenback and who can say they have no right!
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